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Namo eWaste Management Ltd IPO

Namo eWaste Management Limited is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. We are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing them safely to keep our environment green. The Company is committed towards managing large volume of electrical and electronic equipment waste and able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc.

Namo eWaste Management Ltd IPO Details

Total Shares Offered

₹ 60,24,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,03,200

Pre Issue Promoters Holding

₹ 1,57,76,995

Exchange

NSE

Issue size

₹ 51.2 Cr

IPO Open Date

Sep 4, 2024

Close Date

Sep 6, 2024

Lot Size

1600

Min Investment

₹ 1,28,000

Issue Type

Book Building - SME

Listing Date

Sep 11, 2024

Namo eWaste Management Ltd IPO Dates

Sep 4, 2024

Opening date

Sep 6, 2024

Closing date

Sep 9, 2024

Basis of Allotment

Sep 10, 2024

Initiation of Refunds

Sep 10, 2024

Credit of Shares

Sep 11, 2024

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2859200
NII	0x	859200
Retail	0x	2003200
Employee	0x	0
Total	0x	6024000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2859200

859200

2003200

6024000

Namo eWaste Management Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	149.83	100.93	3.68
EBITDA	13.87	11.06	4.13
PAT	8.41	7.15	2.42
Total Assets	59.93	33.05	15.44
Share Capital	22.87	16.84	4.56
Total Borrowings	7.69	3.80	3.16
Operating Activities (Net Cash)	9.61	8.15	2.87
Investing Activities (Net Cash)	13.91	0.66	-12.42
Financing Activities (Net Cash)	7.69	3.80	3.16
Net Cashflow	11.60	0.85	0.17

About Namo eWaste Management Ltd

The Company was originally incorporated as Namo eWaste Management Limited a public limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated January 13, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company commenced commercial operations pursuant to a Certificate for Commencement of Business dated January 29, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company's Corporate Identity Number is U74140DL2014PLC263441.

E-waste is the fastest growing waste stream in India with 3.2 million tons of e-waste generated a year, third highest after China and USA (According to `Global E-waste Monitor 2020'). Fast growing ICT sector is one of the prominent contributors to this increasing number of e-wastes. Upgradation and faster obsolescence of electronic products make consumers discard their products quickly, which in turn accumulate huge e-waste to the solid waste stream. Another challenge is that major recycling of e-waste is handled by the informal sector. The methods used for recycling are primitive and hazardous. This adds to the problem of climate change and pollution in India. These prevailing challenges make e-waste sector a major focal point for both government and industry.

Peer Comparison:

Eco Recycling Ltd
Cerebra Integrated Technologies Ltd

Namo eWaste Management Ltd Key Points

Strengths

A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.

Stringent quality control mechanism ensuring standardized product quality.

Diversified revenue from multiple geographies.

Synergy of young and experienced management team.

Risk

The company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.

The company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.

The company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

Strategy

Expand its Domestic presence in existing and new markets.

Setup of new integrated factory unit through its subsidiary i.e. Techeco Waste Management LLP.

Focus on consistently meeting quality standards.

Scale up branding and promotional activities.

How To Apply for Namo eWaste Management Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Namo eWaste Management Ltd IPO?

Namo eWaste Management Ltd's IPO offers shares for up to 51.2 It begins on Sep 4, 2024 and ends on Sep 6, 2024.

What is the price of the Namo eWaste Management Ltd IPO?

The price of Namo eWaste Management Ltd IPO ranges between ₹80 to ₹85 per share.

What are the open and close dates for the Namo eWaste Management Ltd IPO?

The Namo eWaste Management Ltd IPO opens on Sep 4, 2024 and closes on Sep 6, 2024.

When will the Namo eWaste Management Ltd IPO be allotted?

The allotment for the Namo eWaste Management Ltd IPO will be finalised on Sep 9, 2024. The shares will be listed on BSE and NSE on Sep 11, 2024.

What is the minimum lot size required for Namo eWaste Management Ltd IPO?

The minimum lot size for Namo eWaste Management Ltd IPO is 1600 shares, priced between ₹80 to ₹85 per share.

What is the GMP of Namo eWaste Management Ltd IPO?

The GMP (Grey Market Premium) of Namo eWaste Management Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Namo eWaste Management Ltd IPO?

To check the allotment status of Namo eWaste Management Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Namo eWaste Management Ltd IPO getting listed?

The Namo eWaste Management Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 4, 2024, and closes on Sep 6, 2024. The allotment is finalised on Sep 9, 2024.

How do you apply for the Namo eWaste Management Ltd IPO?

To apply for the Namo eWaste Management Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.